Technical Commentary on Diversified Banks Equities -- Research on JPMorgan Chase, National Bank of Greece, ICICI Bank, and Mitsubishi UFJ Financial

LONDON, July 7, 2014 /PRNewswire/ --

On Thursday, July 03, 2014, the NASDAQ Composite ended at 4,485.93, up 0.63%, the Dow Jones Industrial Average advanced 0.54%, to finish the day at 17,068.26, and the S&P 500 closed at 1,985.44, up 0.55%. The gains were broad based as nine out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 310.64, up 0.77%, with the index also advancing 3.98% in the previous three months. Investor-Edge has initiated coverage on the following equities: JPMorgan Chase & Co. (NYSE: JPM), National Bank of Greece S.A. (NYSE: NBG), ICICI Bank Ltd (NYSE: IBN) and Mitsubishi UFJ Financial Group Inc. (NYSE: MTU). Free technical research on JPM, NBG, IBN and MTU can be downloaded upon signing up at:

http://www.investor-edge.com/4556-register

JPMorgan Chase & Co.'s stock finished the Thursday's session 0.14% higher at $57.05. A total of 12.60 million shares were traded, which was below its three months average volume of 15.71 million shares. The stock moved between $57.00 and $57.65 during the session. Although JPMorgan Chase & Co.'s shares have gained 0.14% in the last one month, it has declined 0.99% in the previous three trading sessions and 2.45% on YTD basis. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $56.07 is greater than its 50-day moving average of $55.90. JPMorgan Chase & Co.'s stock traded at a PE ratio of 9.08 and has a Relative Strength Index (RSI) of 51.57. Sign up today to read free research on JPM at:

http://www.investor-edge.com/4556-JPM-07Jul2014.pdf

On Thursday, shares in National Bank of Greece S.A. fluctuated between $3.83 and $3.90 before ending the session 1.31% higher at $3.87. National Bank of Greece S.A.'s stock reported a trading volume of 1.90 million shares, much below its three months average volume of 5.93 million shares. National Bank of Greece S.A.'s shares has declined 3.73% in the last one month, 29.89% in the previous three months and 30.89% on YTD basis. The stock is trading above its 50-day moving average of $3.67, while the 50-day moving average is below National Bank of Greece S.A.'s 200-day moving average of $4.86. Moreover, shares of the company have an RSI of 54.86. Sign up today to read free research on NBG at:

http://www.investor-edge.com/4556-NBG-07Jul2014.pdf

ICICI Bank Ltd's stock advanced 1.32%, to close the day at $50.80. The stock recorded a trading volume of 0.60 million shares, much below its three months average volume of 2.22 million shares. The stock oscillated between $50.40 and $50.99 during the session. Over the last three trading sessions and over the past three months, ICICI Bank Ltd's shares have gained 1.80% and 17.95%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 36.67%. The stock is trading above its 50-day and 200-day moving averages of $48.71 and $39.55, respectively. Additionally, the stock has an RSI of 57.50. Sign up today to read free research on IBN at:

http://www.investor-edge.com/4556-IBN-07Jul2014.pdf

On Thursday, shares in Mitsubishi UFJ Financial Group Inc. recorded a trading volume of 2.18 million shares, higher than its three months average volume of 1.57 million shares. The stock ended the day at $6.23, which was 0.80% below its previous day's closing of $6.28, and registered an intraday range of $6.17 and $6.24. Over the last one month and the previous three months, Mitsubishi UFJ Financial Group Inc.'s shares have advanced 5.95% and 12.45%, respectively. However, the stock has lost 6.74% since the start of this year. The company's stock is trading above its 50-day and 200-day moving averages of $5.76 and $6.04, respectively. Furthermore, shares of the company have an RSI of 65.24. Sign up today to read free research on MTU at:

http://www.investor-edge.com/4556-MTU-07Jul2014.pdf


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EDITOR'S NOTES:
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